Science Applications International Co. (NYSE:SAIC) Shares Acquired by International Assets Investment Management LLC

International Assets Investment Management LLC raised its position in Science Applications International Co. (NYSE:SAIC - Free Report) by 12,348.8% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 91,872 shares of the information technology services provider's stock after purchasing an additional 91,134 shares during the quarter. International Assets Investment Management LLC owned about 0.18% of Science Applications International worth $11,422,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. UBS Group AG increased its stake in shares of Science Applications International by 108.7% in the third quarter. UBS Group AG now owns 54,031 shares of the information technology services provider's stock valued at $5,702,000 after purchasing an additional 28,139 shares during the period. FMR LLC increased its stake in shares of Science Applications International by 13.2% in the third quarter. FMR LLC now owns 2,823,285 shares of the information technology services provider's stock valued at $297,969,000 after purchasing an additional 328,426 shares during the period. Invesco Ltd. increased its stake in shares of Science Applications International by 11.7% in the third quarter. Invesco Ltd. now owns 616,166 shares of the information technology services provider's stock valued at $65,030,000 after purchasing an additional 64,406 shares during the period. Versor Investments LP acquired a new stake in shares of Science Applications International in the third quarter valued at approximately $422,000. Finally, Qube Research & Technologies Ltd boosted its holdings in shares of Science Applications International by 3,071.0% in the third quarter. Qube Research & Technologies Ltd now owns 134,195 shares of the information technology services provider's stock valued at $14,163,000 after acquiring an additional 129,963 shares in the last quarter. Institutional investors and hedge funds own 76.00% of the company's stock.

Insider Buying and Selling

In related news, Director Katharina G. Mcfarland sold 760 shares of the firm's stock in a transaction that occurred on Friday, April 12th. The shares were sold at an average price of $125.64, for a total value of $95,486.40. Following the completion of the transaction, the director now owns 8,653 shares of the company's stock, valued at approximately $1,087,162.92. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 1.29% of the company's stock.

Science Applications International Price Performance

NYSE:SAIC traded down $2.78 during trading hours on Friday, reaching $123.58. 225,740 shares of the company's stock were exchanged, compared to its average volume of 377,966. The company has a market capitalization of $6.38 billion, a P/E ratio of 13.96 and a beta of 0.70. Science Applications International Co. has a 12 month low of $95.43 and a 12 month high of $145.17. The company has a quick ratio of 0.97, a current ratio of 0.98 and a debt-to-equity ratio of 1.13. The business's 50-day simple moving average is $133.65 and its two-hundred day simple moving average is $124.24.

Science Applications International (NYSE:SAIC - Get Free Report) last issued its earnings results on Monday, March 18th. The information technology services provider reported $1.43 earnings per share for the quarter, missing analysts' consensus estimates of $1.44 by ($0.01). Science Applications International had a return on equity of 23.73% and a net margin of 6.41%. The business had revenue of $1.74 billion for the quarter, compared to the consensus estimate of $1.64 billion. During the same quarter in the previous year, the business posted $2.04 earnings per share. The company's quarterly revenue was down 11.7% on a year-over-year basis. Sell-side analysts expect that Science Applications International Co. will post 8.11 EPS for the current fiscal year.

Science Applications International Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 26th. Investors of record on Friday, April 12th will be paid a $0.37 dividend. This represents a $1.48 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date is Thursday, April 11th. Science Applications International's dividend payout ratio is 16.72%.

Analyst Ratings Changes

Several research analysts have recently issued reports on SAIC shares. Truist Financial reiterated a "hold" rating and issued a $130.00 price objective on shares of Science Applications International in a report on Friday. JPMorgan Chase & Co. decreased their price objective on shares of Science Applications International from $142.00 to $140.00 and set a "neutral" rating for the company in a report on Tuesday, March 19th. Wells Fargo & Company increased their price objective on shares of Science Applications International from $141.00 to $143.00 and gave the company an "equal weight" rating in a report on Tuesday, March 19th. The Goldman Sachs Group decreased their price objective on shares of Science Applications International from $113.00 to $110.00 and set a "sell" rating for the company in a report on Thursday, February 29th. Finally, StockNews.com cut shares of Science Applications International from a "buy" rating to a "hold" rating in a report on Tuesday. One investment analyst has rated the stock with a sell rating and five have issued a hold rating to the company. Based on data from MarketBeat, Science Applications International has an average rating of "Hold" and an average price target of $127.60.

Science Applications International Profile

Science Applications International Corporation provides technical, engineering, and enterprise information technology (IT) services primarily in the United States. The company's offerings include IT modernization; digital engineering; artificial intelligence; Weapon systems support design, build, modify, integrate, and sustain weapon systems; and end-to-end services, such as design, development, integration, deployment, management and operations, sustainment, and security of its customers' IT infrastructure, as well as training and simulation and ground vehicles support which integrates, modify, upgrades, and sustains ground vehicles for nation's armed forces.